RE:RE:RE:How do they survive past March 31, 2023?LOL. I'm definitely not the Beast. Just watching this space.... and seeing it continue to drop...
- Evolv has sure taken a hit, but has money to spend and survive past 2023.
- PAT/XTRA has taken a hit, and is down to only $2M Cash in Bank after its March 2022 fund raise "...,the Company completed a public offering and issued 11,471,850 Units and received net proceeds of approximately $6,114,000."
- Liberty Defense's (SCAN) November 2022 MD&A states it has $379,273 Cash in bank, after a $8.6M raise in March 2022, per their recent MD&A "On March 17, 2022, the Company closed a brokered private placement for gross proceeds of $6,816,237(CAD$8,624,994). The Company issued 26,136,345 units (each a “Unit”) of the Company at a price of $0.2608 (CAD$0.33) per Unit."
- Plymouth Rock (PRT) it appears is out of money, per their MD&A file in December 2022 for August 2022. "As at August 31, 2022, the Company had $116,551 in current assets (November 30, 2021 – $632,538) and $2,031,457 in current liabilities (November 30, 2021 – $706,666) for a working deficit of $1,914,906 compared to a working deficit of $74,128 as at November 30, 2021. The increase in working capital deficit is mostly driven by the operating cash outflows coupled with payments for leases and loans."
Other than Evolv, do any of these other companies have have enough $$$ money to go into Mass Production of their products? DO they have enough $$$ money to pay their staff and staff's health benefits and insurance or even their liability insurance for their business,products and board? Just a bunch of questions I've been asking.
Anyway, all these companies seem to be in trouble. Some have more cash in bank than others, but this cash is quickly shrinking for all... How do any of these survive past 2023, other than Evolv? No one here can explain this to me... LOL